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Forex Trend Analysis Report

Prepared for you on Wednesday, December 19, 2018.

Canadian Dollar/Special Drawing Right (FOREX:CADSDR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADSDR
Open High Low CADSDR Price Change
0.53886 0.53886 0.53886 0.53886 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADSDR

long term down The long term trend has been DOWN since Dec 6th, 2018 at 0.54219

intermediate term down The intermediate term trend has been DOWN since Nov 14th, 2018 at 0.54548

short term down The short term trend has been DOWN since Dec 16th, 2018 at 0.54144

Smart Scan Analysis for CADSDR

Based on a pre-defined weighted trend formula for chart analysis, CADSDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for CADSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53886 0.53886 0.53886 0.53886 0.00000
Prev. Close Volume Bid Ask Time
0.53886 0.53886 0.53886 2018-12-16 20:53:58
Want to analyze Canadian Dollar/Special Drawing Right CADSDR or another symbol? Try our Free Forex Trend Analysis Report.